"The importance of budgeting and cost estimation to project managers" Essays and Research Papers

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    Company. The director of capital budgeting has asked you to analyze two proposed capital investments‚ project X and Y. Each project has a cost of $10000 and the cost of capital for each project is 12 percent. The projects expected net cash flows are as follows: |Expected Cash flows | |  | |  | |year |Project X |Project Y | |0

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    cost

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    accounting profits and economic profits for Gomez’s pottery. Explicit costs: $37‚000 (= $12‚000 for the helper + $5‚000 of rent + $20‚000 of materials). Implicit costs: $22‚000 (= $4‚000 of forgone interest + $15‚000 of forgone salary + $3‚000 of entreprenuership). Accounting profit = $35‚000 (= $72‚000 of revenue - $37‚000 of explicit costs); Economic profit = $13‚000 (= $72‚000 - $37‚000 of explicit costs - $22‚000 of implicit costs). 8-4 (Key Question) Complete the following table by calculating

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    4 Planning & Budgeting

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    margin per haircut. Assume that the barbers’ compensation is a fixed cost. Show calculations to support your answer. • Contribution margin is the marginal income per unit sold. The formula is the per unit sales price minus the variable cost per unit. For Andre‚ with a sales price of $12.00 and a variable cost of $0.40 per cut‚ his Contribution Margin (income per cut) is $11.60: unit sales price $ 12.00 - variable cost $ 0.40 shampoo = cont margin $ 11.60 = $12

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    Product Manager

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    A product manager investigates‚ selects‚ and develops products for an organization‚ performing the activities of product management. A product manager considers numerous factors such as intended demographic‚ the products offered by the competition‚ and how well the product fits with the company’s business model. Generally‚ a product manager manages one or more tangible products. However‚ the term may be used to describe a person who manages intangible products‚ such as music‚ information‚ and services

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    Retail Manager

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    | 2012 | | Triangle Tribe Recruitment | Recuritment of retail manager | | Table of contents Contents Page no. Job analysis 2‚ 3‚ 4 Job description 5 Personnel specification 6 Method of recruitment 6

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    Role of Financial Manager

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    Role of Financial Managers The financial manager plays an important role in the functional areas of finance. The assignments of finance functions to the financial manager depend upon size of the business enterprise. The larger the business enterprise- the greater degree of specialization of tasks is needed. The financial manager is the key persons in any business enterprise. The function of finance manager includes budgeting and investing funds‚ accounting‚ products pricing and forecasting. The

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    Variable Costs

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    Costs and budgets The management of costs is a very important aspect of managing financial resources. If costs are not managed effectively‚ it can lead to profits being damaged and the business potentially unable today its expense. Keeping within a budget‚ increasing income in order to cope with change and making sure that working capital is available and money and set aside for emergencies is all part of the balancing exercise. Costs managed to budget McDonald’s budget was adverse as there

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    Role of Financial Manager

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    When I think of a financial manager‚ accountant quickly comes to mind. The role of accountant and financial manager are similar in several ways and often times they work closely together on various projects. The role of an Accountant is to ensure that their organization is run efficiently‚ make sure their records are accurate‚ and that their taxes are paid properly and on time. Accountants perform a broad range of accounting‚ auditing‚ tax‚ and consulting activities for their clients. They record

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    Manager Abroad

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    “The Manager Abroad” Name: Tallita Cristina Bertozi Ferrero Soares Student ID: S0237967 Course: HRM in the Global Environment - HRMT 20022 Lecturer: Melissa Sullivan Organizations considering global expansion strategies should also consider employment strategies that will be required to facilitate the relocation. While many global organizations have incorporated more short-term expatriation assignments and relocation efforts to help reduce costs‚ the traditional long-term assignments of many

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    Manager Traits

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    (October 17‚ 2011). Traits of a Good Manager. www.buzzle.com. Traits of a good Manager by Manali Oak retrieved October 17‚ 2011 From- http://www.buzzle.com/articles/traits-of-a-good-manager.html Summary- these article discuses 4 important traits that a good manager will need to succeed in the working world as well as some ideas on how to act and listen to your employee’s Leadership Leadership is one of the vital qualities of a good manager. A good manager is often seen exercising effective

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